Requirements for Pag-IBIG Home Equity Appreciation Loan (HEAL) – Here’s a guide…

by

Guide on the Requirements for Pag-IBIG Home Equity Appreciation Loan or HEAL Offer

REQUIREMENTS FOR PAG-IBIG HOME EQUITY APPRECIATION LOAN (HEAL) – Here is a guide on the documents needed for the application.

The Pag-IBIG Fund has a lot of offers for its members. One of them is the Home Equity Appreciation Loan or also called as “HEAL”. It was crafted to allow members to avail another loan based on the value of the property that is mortgaged with the government agency.

Requirements for Pag-IBIG Home Equity Appreciation
Photo Credit: The Summit Express

There are documents that you need to submit to obtain some cash using the value of your mortgaged property. Here are the requirements for Pag-IBIG Home Equity Appreciation Loan (HEAL):

  • duly-accomplished and signed Pag-IBIG Home Equity Appreciation Loan (HQP-HLF-858)_V01
  • duly-accomplished and signed Pag-IBIG Home Equity Appreciation Loan, for co-borrower/s (HQP-HLF-868)_V01
  • one (1) Valid I.D.
  • Health Statement Forms
  • updated Real Estate Tax Receipt/s as of the quarter immediately preceding the date of application
  • Conformity Form for New/Subsequent Housing Availment (HLF409_V03), for co-borrowers who need to express their consent to the new HEAL application
  • proof of income:
    • If you are employed (any of the following):
      • Certificate of Employment and Compensation (CEC), indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee
      • latest Income Tax Return (ITR)
      • one (1) Month Payslip, within the last three (3) months prior to date of loan application
    • If you are self-employed (any of the following):
      • ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
      • Bank Statements or passbook for the last 12 months
      • Certified True Copy of Transport Franchise issued by appropriate government agency
      • Commission Vouchers reflecting the issuer’s name and contact details
      • Certificate of Engagement issued by owner of business
      • Copy of Lease Contract and Tax Declaration
      • Certificate of Engagement issued by owner of business
      • Other document that would validate source of income
    • If you are an overseas Filipino worker (OFW):
      • Employment Contract:
        • Employment Contract between employee and employer; or
        • POEA Standard Contract
      • Income Tax Return filed with Host Country/Government
      • Notarized Certificate of Employment and Compensation (CEC)
        • CEC signed by employer (for household staff and similarly situated employees) supported by a photocopy of the employer’s ID or passport; or
        • CEC written on the Employer/Company’s official letterhead

You may also visit – PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund

Leave a Comment